Whoa...I've never seen a gauge like that! It looks like it's a flat I-cord.
So I looked it up on Ravelry and a lot of people made this scarf. It suggests this yarn. The pattern requires 1 hank which Rav says is 32 yds. If that isn't an error you should have enough.
http://www.berroco.com/patterns/wink
http://www.ravelry.com/projects/SkyBlueKayak/wink
These people have all made various things with the yarn.
http://www.ravelry.com/yarns/library...rojects?page=1